This bill establishes new restrictions and requirements regarding the sale, transfer, and possession of firearms. Specifically, it does the following:

• prohibits a licensed gun dealer from transferring a firearm to an unlicensed person prior to the completion of a background check;
• generally prohibits the import, sale, manufacture, transfer, or possession of a semiautomatic assault weapon (SAW) or large capacity ammunition feeding device (LCAFD);
• requires a gun dealer to conduct a background check prior to the sale or transfer of a grandfathered SAW between private parties;
• requires law enforcement agencies to be notified when a prohibited person attempts to purchase a grandfathered SAW;
• allows Edward Byrne Memorial Justice Assistance Grant Program funds to be used to compensate individuals who surrender a SAW or LCAFD under a buy-back program;
• requires a person who operates a gun show to meet certain requirements (e.g., minimum age and registration);
• makes trafficking in firearms a stand-alone criminal offense;
• prohibits firearm sale or disposition to or receipt or possession by a person who has been convicted of a misdemeanor crime of stalking; and
• prohibits the import, sale, manufacture, transfer, or possession of a trigger crank, a bump-fire device, or any part, combination of parts, component, device, attachment, or accessory that is designed or functions to accelerate the rate of fire of a semiautomatic rifle but not convert the semiautomatic rifle into a machine gun.